Cyber Focus: Data exfiltration boosts ransomware risks with reputational threats
Brokers need to adopt a proactive role in assessing commercial clients’ digital security as cyber insurance morphs into a hybrid of preventative risk management services and responsive claims investigation to tackle evolving cyber threats
Since Q4 last year, cyber insurance industry professionals have spotted a worrying new trend gaining traction, where data exfiltration – the theft of sensitive organisational information by an employee or third-party – is used in conjunction with ransomware to deliver a heavy hitting, bribery-based blow to commercial victims.
But what can brokers and insurers do to combat this new threat and help prepare clients for a potential attack?
Read more…
(If you’re already a subscriber, please sign in here.)
Get access with a 14-day free trial
This article is usually available exclusively to subscribers.
For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.
Also, as a registered user, you will be able to -
- Access unlimited breaking industry news as it happens
- Sign up to a choice of daily and weekly newsletters